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Berita Forex
Losing Streak Likely To Continue For Singapore Shares
The Singapore stock market has finished lower in consecutive trading days, sinking almost 60 points or 1.9 percent along the way. The Straits Times Index now sits just above the 3,140-point plateau and it's tipped to open in the red again on Thursday.
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Soft Start Anticipated For Malaysia Stock Market
The Malaysia stock market has moved lower in two straight sessions, slipping nearly 10 points or 0.7 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,490-point plateau and it may extend its losses again on Thursday.
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South Korea Shares Called To Open Lower On Thursday
The South Korea stock market has moved lower in back-to-back sessions, tumbling more than 90 points or 3.6 percent along the way. The KOSPI market now rests just above the 2,4350-point plateau and it's expected to open under pressure again on Thursday.
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Australia Jobless Data Due On Thursday
Australia will on Thursday release December data for unemployment, highlighting a modest day for Asia-Pacific economic activity.
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TSX Records Biggest Single Session Loss In Three Months, Ends At Near 1-month Low
The Canadian market recorded its biggest single-session drop in three months on Wednesday amid fading optimism about an early rate cut by the Federal Reserve after the recent batch of strong U.S. economic data.
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Dollar Climbs Higher Against Major Counterparts On Strong Economic Data
The dollar firmed against major counterparts on Wednesday, extending gains from the previous session, as strong retail sales data dimmed prospects of an early rate cut by the Federal Reserve.
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Swiss Market Ends Moderately Lower
The Switzerland market ended on a weak note on Wednesday, in line with markets across Europe, amid rising bets the central banks may not cut interest rates for now after data showed an acceleration in inflation in several major countries across Europe.
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European Stocks Close Notably Lower As Early Rate Cut Hopes Fade
European stocks closed notably lower on Wednesday on concerns about rising inflation in several countries across Europe, and hawkish comments from ECB policymakers, as well as doubts of the Federal Reserve cutting interest rates anytime soon.
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Canadian Stocks Down Sharply On Interest Rate Outlook
The Canadian market is down sharply on Wednesday with stocks from across several sectors reeling under a severe bout of selling pressure amid fading hopes of early rate cuts from the Federal Reserve.
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U.S. Dollar Moves Up As Strong Retail Sales Data Sparks Rate Cut Uncertainty
The U.S. dollar firmed against its major counterparts in the New York session on Wednesday, as strong retail sales data for December reduced the possibility of a rate cut by the Federal Reserve in March.
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U.S. Homebuilder Confidence Improves More Than Expected In January
The National Association of Home Builders released a report on Wednesday showing a significant improvement in U.S. homebuilder confidence in the month of January. The report said the NAHB/Wells Fargo Housing Market Index jumped to 44 in January from 37 in December. Economists had expected the index to rise to 39.
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U.S. Business Inventories Edge Down In Line With Estimates In November
Business inventories in the U.S. edged slightly lower in the month of November, according to a report released by the Commerce Department on Wednesday. The report said business inventories slipped by 0.1 percent in November, matching the dip seen in October as well as economist estimates.
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U.S. Industrial Production Unexpectedly Inches Up 0.1% In December
A report released by the Federal Reserve on Wednesday showed an unexpected uptick in U.S. industrial production in the month of December. The Fed said industrial production inched up by 0.1 percent in December, while revised data showed production was unchanged in November. Economists had expected industrial production to come in unchanged.
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